ome is $75,000? a. 7 b. 8 c. 5 d. 9 e. 6

EBK CFIN
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ISBN:9781337671743
Author:BESLEY
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Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the simple payback period (in years) for an investment of $465,000 if the net annual
income is $75,000?
O a.7
O b.8
O c. 5
O d. 9
O e. 6
Transcribed Image Text:What is the simple payback period (in years) for an investment of $465,000 if the net annual income is $75,000? O a.7 O b.8 O c. 5 O d. 9 O e. 6
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